iShares Dow Jones U.S. ETF (NYSEARCA:IYY) Reaches New 12-Month High – Still a Buy?

iShares Dow Jones U.S. ETF (NYSEARCA:IYY) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $167.93 and last traded at $167.96, with a volume of 20731 shares. The stock had previously closed at $167.46.

iShares Dow Jones U.S. ETF Price Performance

The stock has a fifty day moving average price of $164.67 and a two-hundred day moving average price of $158.71. The company has a market cap of $2.76 billion, a P/E ratio of 25.52 and a beta of 1.02.

Hedge Funds Weigh In On iShares Dow Jones U.S. ETF

A number of hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. bought a new stake in shares of iShares Dow Jones U.S. ETF during the 3rd quarter worth $32,000. Simplex Trading LLC purchased a new stake in iShares Dow Jones U.S. ETF during the second quarter worth about $64,000. Financial Life Planners bought a new stake in iShares Dow Jones U.S. ETF in the third quarter worth about $80,000. Triumph Capital Management purchased a new position in iShares Dow Jones U.S. ETF in the third quarter valued at about $93,000. Finally, Assetmark Inc. boosted its stake in iShares Dow Jones U.S. ETF by 137.1% in the third quarter. Assetmark Inc. now owns 780 shares of the company’s stock valued at $127,000 after acquiring an additional 451 shares during the last quarter.

About iShares Dow Jones U.S. ETF

iShares Dow Jones US ETF, formerly iShares Dow Jones U.S. Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Index (the Index). The Index measures the performance of the broad United States equity market, and is consisted of all of the companies in the Dow Jones Large-Cap Index, Dow Jones Mid-Cap Index and Dow Jones Small-Cap Index. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.